Accurate Wealth Management LLC Grows Stake in PulteGroup, Inc. (NYSE:PHM)

Accurate Wealth Management LLC lifted its position in PulteGroup, Inc. (NYSE:PHM) by 24.8% in the 1st quarter, Holdings Channel reports. The fund owned 3,285 shares of the construction company’s stock after acquiring an additional 653 shares during the quarter. Accurate Wealth Management LLC’s holdings in PulteGroup were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC increased its position in PulteGroup by 20.5% during the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock valued at $1,582,000 after buying an additional 2,613 shares in the last quarter. Hudson Capital Management LLC increased its position in PulteGroup by 8.6% during the 1st quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock valued at $4,246,000 after buying an additional 3,266 shares in the last quarter. Vest Financial LLC increased its position in PulteGroup by 1,311.3% during the 1st quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock valued at $32,148,000 after buying an additional 290,564 shares in the last quarter. NBC Securities Inc. increased its position in PulteGroup by 103,800.0% during the 1st quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock valued at $534,000 after buying an additional 5,190 shares in the last quarter. Finally, Argyle Capital Management LLC increased its position in PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company’s stock valued at $4,600,000 after buying an additional 641 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM opened at $103.34 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The firm has a market capitalization of $20.71 billion, a P/E ratio of 7.03, a PEG ratio of 0.29 and a beta of 1.29. The business has a fifty day moving average of $99.69 and a 200 day moving average of $107.57.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Tuesday, June 17th. PulteGroup’s payout ratio is currently 6.21%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. UBS Group reduced their price objective on PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Seaport Res Ptn raised PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Wedbush reissued an “outperform” rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Evercore ISI lifted their target price on PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $134.69.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.